Will it break? I think so!!!!

Heres the combo:
351w
holley 750 Dp carb
Torker II intake
Trick Flow Twisted Wedge heads (older model, Non adj. valvetrain, Pedestal mount)
F303
1.72 Crane RR's
Flow's , Unequals, OffRoad H-Pipe
Is that going to make too much power for the T-5 tranny to handle?
What should I upgrade my Tranny and Rearend too? Budget is a issue here, so lets think economic upgrades.
also, and links would be helpfull.
 
In the spirit of salty's cry for economic relief -- throw a C4 with a loose stall in it - gear it correctly for the track. The converter will be a little easier on the stock rear end. Money no object I'd simply follow Rick's advice on the tranny bits, and IndyBlk's on the rear end.